Show TREATY MATY TREA TV REJECTION PUTS AMERICA ON ONNE NE NEW TRADE BASIS U. U S. S Elects to Play Lone Hand in in Business of v World odd oddny BY ny X I ow York March 21 ReJection Rejection of or the tle peace paco treaty treat b by the Senate taken I In connection with tho the shift of oC the trade balance shown by tho the February I fI figures and the importation of oC Jar large e quantities or of gold soon to bo be made marks the beginning of or the second phase 0 of the great creat world war war the tho I business bustnes phase The United Stat States s has elected to play pIa playa I a lone Jone hand in this fight Americans I have havo at last awakened a to the situa lion tion They The Theare are no Jon longer er pleading for forI I an ail opportunity to continue their phil phil- an activities In rho They rhoy I have hayo discovered forel foreign n Influences working against us in South America Ilo lo to such Ruch an extent that the expected boom In that direction has been nunc- nunc I In Our whole campaign of foreign tra trado o has thus far been a failure Americans Americans Ameri Amen I cans catis are retreating to their own coUntr country country coun coUn- tr try and are planning to be begin ln at home homo vast ne new enterprises which they be believe be- be I hove lieve will In a short time overcome o foreign for for- or- or I cl eign 11 opposition because of ot their cr very very Immensity and audacity Influence of oC th the gold that is to come comeron ron from In settlement of the tho AngI An- An gI French glo o Fre rich bonds bond s. s abandonment o n me n t 0 of ot t panic plans at Washington ton and completion corn com com I I of oC Income tax payments for forthe tho the first quarter have ha given ghen tho the stock market a l. l period of oC enthusiastic Imp Im Im- Im- Im p pro provement rove m e n t. t Corporations are arc all In cash positions as aM the result of oC war profits In spite of the advance anco of or the stock market In the l last t month tho the tc technical condition Is still good Loans have I not been beell Increased in brokers' brokers offices vcr very much Some of the tho most important import Import- I ant commission houses have ha had no Increase at all On the other hand stocks on tho the counter of oC stores and the smallest on record and ond housekeepers have smaller supplies on hand than ever before Money Abundant There is an abundant supply of mane money mon man e C ey and the only obstacle In tho the way of ofa a business boom Is the labor situation situa situa- tion Recent decisions of ot the United States supreme court have ha made a wonderful impression on the country by restoring rester- rester ing confidence Property rights are safe in this country and there Is therefore therefore therefore there there- fore reason for a revival re of personal initiative and ambition The Tho recent heavy snows and flood have hn delayed spring work workS but the moisture with which the tho whole country country coun coun- tr try has been saturated means I coun-I moro more I crops |